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president obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would
president obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the...
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and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some legislation and move on it. he said the house is more than willing to act on anything the senate passes. they just have to do it now. >>> all that "fiscal cliff" talk gave wall street a wild ride today. the dow erased most of its 150- point deficit after promising news from washington. it ended up closing down 18 points. the nasdaq and s&p also closed down a bit. >>> just in tonight, america has lost one of its most decorated and beloved war heroes. general norman schwartzkopf died today. he raised as an army brat spent his life in the military. in vietnam he famously rescued fellow soldiers by marking land mine
and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some...
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Dec 30, 2012
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. >> senate republican leader mitch mcconnel left the capitol tight lipped by smiling after working behind doors to avoid the so-called fiscal cliff. he and harry reid are working on a scale down agreement that focuses on avoiding a middle class tax hike. the plan is to present it to the senate for a vote on sunday and then send it over to the house. house speaker john boehner was at the capitol but left with no comment. the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bill that would preserve expiring unemployment benefits. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.
. >> senate republican leader mitch mcconnel left the capitol tight lipped by smiling after working behind doors to avoid the so-called fiscal cliff. he and harry reid are working on a scale down agreement that focuses on avoiding a middle class tax hike. the plan is to present it to the senate for a vote on sunday and then send it over to the house. house speaker john boehner was at the capitol but left with no comment. the democrats insist the wealthy pay more in taxes. >> the...
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Dec 29, 2012
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mcconnell's corner, andi i can only imagine how upset mitch mcconnell is with boehner, with his inability to get republican support. and all for the eye when he is up for reelection in 2014. but yes, house speaker boehner has shown that he is not entirely, but largely ineffectual, but i agree with robert, there is nobody else there waiting for him to fall. the deputies eric canter and mccarthy were both there when plan b was introduced and failed to pass, so the large successors are not there. >> and paul ryan is another guy to watch. he is the guy who has the real support of the house conservatives and a lot of people who don't love boehner, they love paul ryan and ryan at the final minute of plan b and he was whipping for plan b and came out in support of plan b, and if paul ryan the most high profile guy who could be a consensus candidate against boehner is not even interested. >> if the president gets it through, doesn't this mean that going forward he has to negotiate with mitch mcconnell and what is the point of talking to the house republicans at this poi point? >> you to include j
mcconnell's corner, andi i can only imagine how upset mitch mcconnell is with boehner, with his inability to get republican support. and all for the eye when he is up for reelection in 2014. but yes, house speaker boehner has shown that he is not entirely, but largely ineffectual, but i agree with robert, there is nobody else there waiting for him to fall. the deputies eric canter and mccarthy were both there when plan b was introduced and failed to pass, so the large successors are not there....
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as you know, he's been called on by mitch mcconnell to help with these last-minute talks. what do you think his role is now with so little time left? >> well, the vice president goes way back with senator mcconnell, and i've been in the room when they have talked, and it doesn't sound like two partisans separated by deep ideology. it sounds like guys who know how to bang out a deal. that said, if that were up to them perhaps they could get somewhere, but there are so many other forces swirling around this right now. i'm kind of in the same camp as kristen and the other political analysts we just heard from. if we are starting to hear things getting further apart rather than closer apart at this late date, i don't know that a decades old friendship between a couple of senators -- former senator and current one are going to make that much difference at this point. >> paul, let me play for you what senator lindsey graham said this morning on "fox news sunday" about the chances of a small deal. let's listen. >> exceedingly good. i think people don't want to go over the cliff,
as you know, he's been called on by mitch mcconnell to help with these last-minute talks. what do you think his role is now with so little time left? >> well, the vice president goes way back with senator mcconnell, and i've been in the room when they have talked, and it doesn't sound like two partisans separated by deep ideology. it sounds like guys who know how to bang out a deal. that said, if that were up to them perhaps they could get somewhere, but there are so many other forces...
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obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house won't be back in session until sunday night. >>> a former bay area city councilman is about to learn firsthand how washington works or doesn't. 31-year-old newly elected congressman is heading into a capitol hill quagmire. he said he is ready to bring small town solutions to capitol hill to help prevent and avoidable "fiscal cliff. >> i'm confident there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second youngest member congress to be sworn in on january 3. he leaves sunday for d.c. to pick up his new keys to his office. >> good luck. >>> ne
obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house...
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we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's st
we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can...
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. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a de
. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be...
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. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases. but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done. but the president has a backup plan just in case. >> if an agreement isn't reached in time, between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up- or-down vote. >> reporter: that bare bones bill would preserve tax cuts for the middle class and extend unemployment benefits. it would also lay a foundation for a broader deal to come. danielle nottingham, cbs news, the white house. >>> w
. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend...
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i have no idea what mitch mcconnell is talking about. it seems to be nothing more than political posturing, but i want to say nobody is trying to put this on john boehner. it's on boehner. he's the speaker, and so it's not of a political bringsmanship or gamesmanship. it's the fact. >> it seems the strategy here, boehner obviously kind of said and i think he's been called out for this, said it's up to the president and the senate. i give up, we're leaving town. i guess now they're going to come back sunday, as if that's going to create some sense of urgency. what strikes me is the message that continues to come forward is the american people are going to -- believe that the president and democrats are showing real leadership and they will blame the republicans if this deal goes south, and yet when you listen to mcconnell and you listen to speaker boehner, it doesn't sound like they got the message, and as harry reid pointed out, the president won and he won campaigning on these ideas. again, these guys are just being stubborn. >> absolut
i have no idea what mitch mcconnell is talking about. it seems to be nothing more than political posturing, but i want to say nobody is trying to put this on john boehner. it's on boehner. he's the speaker, and so it's not of a political bringsmanship or gamesmanship. it's the fact. >> it seems the strategy here, boehner obviously kind of said and i think he's been called out for this, said it's up to the president and the senate. i give up, we're leaving town. i guess now they're going...
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. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will be the first time president obama and all four leaders of
. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can...
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but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's been talk on energy legislation. but it looks like raising the debt ceiling is not part of the deal. that is four major political fights that the president has on his hands. what is going to get lost the longer this drags on? >> i think most of those things. look, if this drags on into the new year, this is going to be the focus up until the inauguration. and as you mentioned, not only the debt ceiling but also come march, you will have to figure out how to extend government spending for the rest of the fiscal year. and they don't, the government would
but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's...
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mcconnell will gra have to agree not to filibuster that and the president is daring mitch mcconnell not to engage in a filibuster and it would seem so embarrassing to the public that mcconnell was filibustering a deal for middle-class tax reform. i think that's a risky gamble. i guess the way he, the president, is thinking of it is either he gets that bill on the floor and mcconnell lets it go for a vote and he gets what me wants or we're going over the cliff which i think he probably feels is not such a terrible scenario for him, vis-a-vis the republicans. >> let me ask you, let's bring up the number of votes that harry reid got to get his job and what mitch mcconnell got to get his job and then the president's. the president got 65.6 million votes. senator mcconnell got less than a million, 954,000 and senator reid, 363,000. a man whos had got 65 million votes has handed off the leadership of this key issue to two men combined who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has al
mcconnell will gra have to agree not to filibuster that and the president is daring mitch mcconnell not to engage in a filibuster and it would seem so embarrassing to the public that mcconnell was filibustering a deal for middle-class tax reform. i think that's a risky gamble. i guess the way he, the president, is thinking of it is either he gets that bill on the floor and mcconnell lets it go for a vote and he gets what me wants or we're going over the cliff which i think he probably feels is...
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. >> reporter: senate republican leader mitch mcconnell left the capitol tight-lipped but smiling after working behind closed doors to avoid the so- called fiscal cliff. he and majority leader harry reid are working on a scaled- down agreement that focuses on avoiding a middle class tax hike. the plan is to prevent it to the full senate for a vote on sunday, then send it over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the wealthy pay more in taxes. >> the president's tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he's ready to propose his own scaled-back tax bill that would block tax increases for all but
. >> reporter: senate republican leader mitch mcconnell left the capitol tight-lipped but smiling after working behind closed doors to avoid the so- called fiscal cliff. he and majority leader harry reid are working on a scaled- down agreement that focuses on avoiding a middle class tax hike. the plan is to prevent it to the full senate for a vote on sunday, then send it over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at...
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Dec 28, 2012
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. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning as a great hero and tactician. as teresa garcia the general died y
. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate...
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we may still hear from mitch mcconnell. see if we can get a hint of his expectations for the possibility of any deal, and we'll come back with a community as well. stick arns. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and cal
we may still hear from mitch mcconnell. see if we can get a hint of his expectations for the possibility of any deal, and we'll come back with a community as well. stick arns. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means...
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>>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> we're going to do the best we can for the congresses we have and for the country that's waiting for us to make a decision. >>reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done, but the president has a backup plan just in case. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. >>reporter: that bear bones bill would preserve tax cuts for the middle class and extend unemployment benefits. it would also lay a foundation for a broader deal to come. danielle nottingham, cbs news, the white house. >>>
>>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> we're going to do the best we can for the congresses we have and for the country that's waiting for us to make a decision. >>reporter: democratic and republican leaders have agreed...
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senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to include something on the estate tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. the
senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders...
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at 2:00, we saw mitch mcconnell come out and say we still don't have a deal. we've heard criticism about the president's tone today on "meet the press." this is what john boehner had to say, blaming the failure of a deal on the president. >> your response? >> well, that's very interesting, chris, because speaker boehner has refused to even hold a vote in the house of representatives on the president's proposal. we're not asking speaker boehner to endorse the president's proposal. we're not asking republicans to say they want to endoris the proposal. we're simply asking for a vote. we believe that republicans and democrats together could get a majority for the president's proposal to avoid the fiscal cliff and deal with the deficit in a balanced way. in fact, as we know, republicans like tom cole, a very conservative member from oklahoma, and others have said that that approach makes sense. and yet the speaker refuses to allow a vote on that proposal. and so allow democracy to work and so far unfortunately, speaker boehner has been held captive with the tea par
at 2:00, we saw mitch mcconnell come out and say we still don't have a deal. we've heard criticism about the president's tone today on "meet the press." this is what john boehner had to say, blaming the failure of a deal on the president. >> your response? >> well, that's very interesting, chris, because speaker boehner has refused to even hold a vote in the house of representatives on the president's proposal. we're not asking speaker boehner to endorse the president's...
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. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were at the capital today hoping to beat the deadline to the looming "fiscal cliff." behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases come january 1. the bill won't address the trillions in deficit reduction, sweeping reforms and federal spending, the u.s. tax code, or stop across-the-board spending cuts. in both parties' weekly addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay a little more. >> the president's tax hike would only fund the government for eight days. americans deserve to know what is the president proposing we do for the other 357 days of the year. >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled- back bill then send it to the house. as many americans brace for th
. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were at the capital today hoping to beat the deadline to the looming "fiscal cliff." behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases come january 1. the bill won't address the trillions in deficit reduction, sweeping reforms and federal spending, the u.s. tax code, or stop across-the-board...
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. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing
. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in...
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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in of that case mitch mcconnell would have to agree not owe filibuster and speaker boehner would have to allow the bill to come to the floor. it's 9 process disagreements. >> i may not be the only person who is getting confused on the optimist/pessimist signals. let's listen to what we heard from a couple senators. first senator schumer on the demeanor tide and senator cocker on the republican side. there are different prognostications. let's take a listen. >> i'm getting a little more optimistic today. sometimes it's darkest before the dawn, and there are two good signs for optimism today. one is that leader mcconnell is actively engaged. for the first time leader mcconnell is speaking to the president. if the senate is going to be the place where action starts, you need both of them there. and the second reason for optimism is boehner is back at the table because you can't pass something just through the senate. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something but let me just say one more time, this is a total dereliction of duty at
in of that case mitch mcconnell would have to agree not owe filibuster and speaker boehner would have to allow the bill to come to the floor. it's 9 process disagreements. >> i may not be the only person who is getting confused on the optimist/pessimist signals. let's listen to what we heard from a couple senators. first senator schumer on the demeanor tide and senator cocker on the republican side. there are different prognostications. let's take a listen. >> i'm getting a little...
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. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. ptime had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself nd the white house, in the hopes that we can come forward as early as sunday and have a makemendation that i can make to my conference, and the majority leader can make to his conference. r: teporter: the progress came as members on both sides were growing doubtful congress could get anything done before the deadline. .ebraska democrat ben nelson: >> if we don't have a deal within the next 24 hours, the question is, where do you buy a parachute? it looks like we'd be going over we cliff. >> reporter: but leader reid had this warning about the shape of iddeal to come. >> everybody, whatever we come te with is going to be imperfect and some people aren't going to ren' it. some people will like it less, but that's where we are. >> reporter: up until now, reid and mcconnell have kind of been sitting on the sidelines as the ndesident and speaker boehner tried but fail
. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. ptime had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself nd the white house, in the hopes that we can come forward as early as sunday and have a makemendation that i can make to my conference, and the majority leader can make to his conference. r: teporter: the progress came as members on both sides were growing doubtful...
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. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid pointed a finger at the house of representatives, which still hasn't returned to washington. >> i can't imagine their consciences. they're out wherever they are around the country, and we're here trying to get something done. >> reporter: from his home in ohio, speaker boehner called on the house to come back this sunday, december 30. that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader re
. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year....
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harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go up for people making more than $250,000 or 400,000 as was in the president's last offer and the answer to that question remains very, very unlikely. so we are where we are. this ain't schoolhouse rock, that's for sure. it's not like the house passes a bill, the senate passes a bill. this is a stand yau and the looks like the ultimate version of white house gridlock. >> right. and you mentioned the threshold. we have senator murkily on later today to talk about how crucial the filibuster is. i want to go right to steve kornaki here. we talk about the weather sometimes because it's more fun than p
harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go...
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. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> it is nearly 4:40 now. secretary of state hillary clinton plans to return to wo
. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can...
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i don't want to -- mitch mcconnell -- >> if mitch mcconnell says $250,000, everybody above that will get a tax hike, are you there, yea. >> mitch mcconnell says $250,000 and above -- >> he's not going too do that. >> tax rate hike? >> senator schumer doesn't want to see that happen. christian gillibrand doesn't want to see that happen. dianne feinstein doesn't want to see that happen. it's not going to be 250. some number. there's going to be -- i don't know what it's going to be. the floor is at least 400 because that's out there. my guess is, we're going to be in -- i don't want to say, at least 500 and my guess is it's going to happen and pass and -- but here's the thing. you're talking about 8 days of funding for the united states government. >> right. >> medicare -- >> when spending comes in. >> we have a medicare program where people are paying one third of the cost and 20 million more americans will be on it the next ten years and we have yet to deal with that. >> one other thing that the president said during this interview. he was asked about chuck hagel used to be a republi
i don't want to -- mitch mcconnell -- >> if mitch mcconnell says $250,000, everybody above that will get a tax hike, are you there, yea. >> mitch mcconnell says $250,000 and above -- >> he's not going too do that. >> tax rate hike? >> senator schumer doesn't want to see that happen. christian gillibrand doesn't want to see that happen. dianne feinstein doesn't want to see that happen. it's not going to be 250. some number. there's going to be -- i don't know what...
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i think we have some sound bites from mitch mcconnell and harry reid on the senate floor. let ee cease if we can one that now. >> we had a good meeting down at the white house. we're engaged in discussions, the majority leader, the white house, and myself in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i'm going to doering i can. i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house side, we still don't know about those hard core intransigents, and even if the senate does come up with something, if the house can agree to go alon
i think we have some sound bites from mitch mcconnell and harry reid on the senate floor. let ee cease if we can one that now. >> we had a good meeting down at the white house. we're engaged in discussions, the majority leader, the white house, and myself in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i'm going to doering i can. i'm confident senator mcconnell...
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mcconnell. what is the tone? >> it's all about the senate right now, that is one of the more remarkable developments. all along we thought it would be between the obama white house and house speaker john boehner and there was a logic behind that. because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader
mcconnell. what is the tone? >> it's all about the senate right now, that is one of the more remarkable developments. all along we thought it would be between the obama white house and house speaker john boehner and there was a logic behind that. because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers...
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mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what ends up happening? is it very possible right now it seems the calculus for a lot of these members is to let the tax cuts expire and then come back and do some sort of patch. >> you think that's our best case scenario? do you agree with that, david, the scenario? we go off the cliff. someone suggested this morning we go off the cliff just a little bit. we don't bungy jump off the cliff. we fall a few feet. then they fix it after a few days and say we have put in tax cuts. is that the most likely scenario you see? >> there's a lot of people on both sides that have talked
mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what...
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some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been grapted. >> we and the world have joined in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i do. >> and this administration has either been guilty of colossal incompetence or engaged in a coverup. >> a red line should be drawn right here. before iran completes the second stage of nuclear
some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up....
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mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today all these years later not to be moved by the fatah that this most unlikely of revolutionaries may yet witness the deepest longings of her heart. representative, democratic system in which the people of burma are able to fully enjoy their god-given rights. it is in this hope that we stand today with the people of burma and with aung san suu kyi knowing that whatever the future holds, she will fight unflinchingly to the end. in this place surrounded by the statues of our own national heroes and equality, we draw inspir
mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today...
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harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions between the.and senator mcconnell will get us on track. >> republican aides recognize the consequences if it falls apart. everybody gets a tax increase in 48 hours. >> well, it's less than 48 hours now. i'm wonder, are the democrats fighting among themself? >> there's a battle over social security. republicans are including a new way of calculating inflation to lower payments to recipients of social security. democrats had could consider it if it's part of a $4 trillion package. now republicans say it's off the table and key democrats are hopeful senate l
harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions...
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it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could tak
it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they...
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what's different now is mitch mcconnell is up for re-election. and it is weird to say this aloud, what i'm about to tell you. i have never even thought about how weird it is to say until tonight's broadcast. but the person mitch mcconnell has in his head right now, the person he's maybe a bit afraid of, is ashley judd. yeah. that ashley judd. >> don't cry. don't cry. you're going to be fine. >> okay. >> mitch mcconnell's up for re-election potentially against ashley judd. she might be running against him. and she's polling well. they're only about four points apart. so he doesn't want any trouble. he certainly does not want a conservative primary challenge that will weaken him before the judd juggernaut. so he's decided to not really take any part in these negotiations right now. instead he came out and said "it is the president's job" -- this is a quote. "'s it is the president's job to find a solution that can pass congress. he's the only one who can do it. this isn't john boehner's problem to solve." seriously. that is what he said. he said do
what's different now is mitch mcconnell is up for re-election. and it is weird to say this aloud, what i'm about to tell you. i have never even thought about how weird it is to say until tonight's broadcast. but the person mitch mcconnell has in his head right now, the person he's maybe a bit afraid of, is ashley judd. yeah. that ashley judd. >> don't cry. don't cry. you're going to be fine. >> okay. >> mitch mcconnell's up for re-election potentially against ashley judd. she...
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senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president himself during his press con
senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new...
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meanwhile, senate minority leader mitch mcconnell knocked heads with reid but also sounded amenable to some kind of deal. >> the so-called senate bill that the majority leader keeps referring to passed with only democratic votes. last night i told the president it would be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. >> but is it just more political posturing? senate majority leader reid returned to the floor to encourage speaker boehner to take the deal president obama offered before boehner tried to pass his disastrous plan b. >> again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself. but again, i guess with the dysfunctional republican caucus in the house, even the speake
meanwhile, senate minority leader mitch mcconnell knocked heads with reid but also sounded amenable to some kind of deal. >> the so-called senate bill that the majority leader keeps referring to passed with only democratic votes. last night i told the president it would be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. hopefully, there's still time for an agreement of...